STOCKHOLM, Nov. 6, 2020
STOCKHOLM, Nov. 6, 2020 /PRNewswire/ -- Net sales had an accelerated growth of +1486% during the third quarter compared to the prior year. Bambuser experienced a continued increasing global demand for its Live Video Shopping technology. The Company's quarterly statement for the third quarter of 2020 has now been published and can be found at bambuser.com/ir.
Bambuser continued to benefit from increased customer demand for Live Video Shopping in Q3. That pace is accelerating as retailers adapt their holiday-season strategies amid the ongoing pandemic. As previously reported, all major customer agreements (Enterprise) are initiated, with a test period, usually called a pilot or proof-of-concept. After the end of the trial period, these are converted into new ordinary agreements. As of today, none of Bambuser's previously entered agreements has been churned.
First nine months (January - September 2020)
Third quarter (July - September 2020)
For environmental and cost reasons, Bambuser AB has decided not to print the report. A printout may be distributed to shareholders upon request.
This disclosure contains information that Bambuser is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on November 6, 2020, 08:00 CET.
Maryam Ghahremani, CEO | +46 8 400 160 02 | firstname.lastname@example.org or visit bambuser.com/ir
Erik Penser Bank AB | +46 8 463 83 00 | email@example.com
About Bambuser AB
Bambuser is a software company specializing in interactive live video streaming. The Company's primary product, Live Video Shopping, is a cloud-based software solution that is used by customers such as global e-commerce and retail businesses to host live shopping experiences on websites, mobile apps and social media. Bambuser was founded in 2007 and has its headquarters in Stockholm.
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The following files are available for download:
Bambuser Q3 Statement Jul-Sep 2020